Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.
Nemo is an unincorporated community in eastern Somervell County, Texas, United States. It is located at the intersection of Farm to Market Roads 199 and 200 and had a population of 56 in 1990. The community is part of the Granbury, Texas Micropolitan Statistical Area. Settlement of the area began in the mid-1800s. Originally called Johnson Station after local settler Jimmie Johnson, residents attempted to receive a post office designation under the same name. The postal authorities, however, suggested a shorter name be used. When the residents met to choose a name, one man argued for the name Nemo, which was Latin for "no one. " He also said that if Johnson's name was not good enough, "then no one's was. " In 1893, a post office branch under the name Nemo was established. Nemo's population has never exceeded 60 persons and the community's few students are served by the Glen Rose Independent School District. In the year 2000, Brazos River Charter School opened in Nemo serving the town and the surrounding communities of Glen Rose, Cleburne, Granbury and Walnut Springs amongst others.